TAMFELT CORP. STOCK EXCHANGE RELEASE March 21, 2007 8.30 am RESOLUTIONS BY THE ANNUAL GENERAL MEETING OF TAMFELT At the Annual General Meeting of Tamfelt Corp. held on March 20, 2007, the year-end accounts were reviewed and the Board members and the President were absolved from their liability for the fiscal year 2006. A dividend for 2006 of 0.41 euro per common share and of 0.43 euro per preferred share and an extra dividend of 0.18 euro for both classes of shares were decided upon as proposed by the Board of Directors. The dividend record date is March 23, 2007. The dividends will be paid on March 30, 2007. Mikael von Frenckell, M.Soc.Sc., commercial counsellor, Martin Lilius, M.Sc. (Eng.), Jouko Oksanen, M.Sc. (Econ.), Vesa Kainu, B.Sc. (Eng.), and Niklas Savander, M.Sc. (Eng.), M.Sc. (Econ.), were re-elected as ordinary members of the Board. In addition to them, Carl-Magnus Cedercreutz, M.Sc. (Eng.), MBA, was elected as an ordinary member of the Board. At the Board meeting following the Annual General Meeting Mikael von Frenckell was re-elected Chairman and Niklas Savander was elected Deputy Chairman of the Board. The Annual General Meeting decided that the monthly remuneration to the Chairman of the Board will remain at 3,000 euro and the monthly remuneration to the Deputy Chairman and the members of the Board at 1,500 euro. Meeting fee will be 800 euro to the Chairman and 600 euro to the members for each attendance. For the fiscal year 2007, Authorized Public Accountants Jari Paloniemi and Veikko Terho were reappointed as auditors. Authorized Public Accountant Jukka Lahdenpää and Authorized Public Accountants Company Moore Stephens Rewinet Oy Ab were reappointed as deputy auditors. A decision was made to pay auditor fees according to invoice. The Annual General Meeting accepted the Board proposal to amend Articles 3, 4, 7, 9, and 10 of the Articles of Association. The essence of the changes is as follows: 1. The heading of Article 3 is amended to read ”Shares”, and the first paragraph of Article 3 concerning minimum and maximum share capital as well as the eighth paragraph concerning the right to receive funds distributed from the company as well as a subscription right are removed. The fifth and sixth paragraphs of the same Article are amended so that the provision regarding the increase of share capital is replaced by a provision laying down the mutual proportion of the classes of shares in new issues; 2. The first paragraph of Article 4 concerning the right to attend the Annual General Meeting is amended so that the latest date appointed by the Board to register attendance can be ten (10) days before the meeting at the earliest, and the second paragraph is removed; 3. Article 7 is amended by replacing the right to sign for the company by a right of representation; 4. Article 9 concerning the calling of Annual General Meetings is amended to provide that the summons shall be published or sent not earlier than two (2) months and not later than seventeen (17) days before the meeting; 5. The terminology of Article 10 concerning Annual General Meetings is amended as required by the new Companies Act. The amended Articles of Association will be available at Tamfelt's website www.tamfelt.com as soon as they have been entered in the Trade Register. Tamfelt Corp. Jyrki Nuutila President & CEO For more information: Mr. Jyrki Nuutila, President & CEO, tel. +358 400 625 030 Tamfelt is one of the world's leading suppliers of technical textiles. The company's main products are paper machine clothing and filter fabrics. Tamfelt Group employs about 1,450 persons and its net sales were 155.0 million euro in the year 2006. Founded in 1797, the company is one of the pioneers of Finnish industry. The manufacturing of paper machine clothing started in 1882. Today Tamfelt is part of the state-of-the-art Finnish forest cluster. Distribution: Helsinki Exchanges Main media www.tamfelt.com